James Hackett has joined Riverstone Holdings as a Partner and will co-head its Houston office. From 2003 to 2012, Mr. Hackett was Chief Executive Officer of Anadarko Petroleum Company where he served as Chairman of the Board of Directors from 2006 to 2013.
Mr. Hackett stepped down from Anadarko this month as part of a long-planned succession process. Earlier in his career, he was Chairman and Chief Executive Officer of Ocean Energy and, after that, President and Chief Operating Officer of Devon Energy. He holds a Bachelor of Science degree from the University of Illinois and a Master of Business Administration from Harvard University.
“Jim Hackett is among the most knowledgeable and experienced leaders in the global oil and gas industry today. He helped lead the unconventional energy revolution in North America and has extensive expertise in building upstream companies both onshore and offshore as well as unique experience in global deepwater exploration. We have been proud to know him for many years and are extremely pleased that he has joined Riverstone,” said David Leuschen and Pierre Lapeyre, Jr., Co-Founders of Riverstone. “Jim will work closely with our existing investment team and portfolio companies while helping us continue to source, build and manage new investment opportunities on behalf of our limited partners and to help us continue to identify and attract talented operating management teams.”
Riverstone has approximately $24 billion of capital under management across seven investment funds. The firm invests in midstream, exploration & production, oilfield services, power and renewable sectors of the energy industry. Riverstone was founded in 2000 and has offices in New York, Houston and London (www.riverstonellc.com).
“Riverstone is one of the most successful and respected private investment firms in the energy industry. I look forward to working with its talented professionals, investors, and clients to fulfill the tremendous capital and management needs of the global energy business and to helping Riverstone continue to build upon its successful investment track record. I also very much appreciate the Riverstone founders accommodating my pre-existing plans to attend Harvard Divinity School,” said Mr. Hackett.
© 2013 PEPD • Private Equity’s Leading News Magazine • 6-13-13
